Is the hard-hit Euro about to send a bullish message to Gold, Silver & mining stocks? Looks like it this week!
Metals bulls want to see the Euro head higher to send them a bullish message. For the past 14-months, the Euro has created a series of lower highs and lower lows.
While trending lower, the Euro looks to have created a bullish falling wedge pattern, with the apex of the pattern at falling channel support.
Joe Friday Just The Facts Ma’am; The Euro is breaking above this bullish falling wedge this week at (1), which sends a short-term bullish message to Gold, Silver and the miners!
(Click on image to enlarge)
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